Synopsis The Bill is titled "Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act" and it will "comprehensively address the ongoing threat posed by technology from foreign adversaries, such as TikTok". AP Last week, the House Foreign Affairs Committee voted along party lines on a Bill sponsored by Representative Michael McCaul to give Biden the power to ban TikTok Two US senators said on Tuesday that their efforts to tackle foreign technology threats were advancing and they will unveil legislation on Wednesday aimed at granting US president Joe Biden's administration new powers to ban Chinese-owned video app TikTok and other apps that could pose security risks. A White House spokeswoman told Reuters the administration is "working with Congress" but declined to say if it would endorse the Senate legislation. TikTok has come under increasing fire over fears that user data could end up in the hands of the Chinese government, undermining Western security interests. TikTok chief executive Shou Zi Chew is due to appear before Congress on March 23. Senator Mark Warner , a Democrat, and John Thune, a Republican, along with others are planning to unveil the latest legislation in a series of proposals to give the administration new tools to ban the ByteDance-owned app used by more than 100 million Americans. The Bill is titled "Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act" and it will "comprehensively address the ongoing threat posed by technology from foreign adversaries, such as TikTok", Warner's office said. The administration has provided input on the senators' draft legislation, a person briefed on the matter told Reuters. The White House declined to say if it would endorse the Senate bill. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Last week, the House Foreign Affairs Committee voted along party lines on a Bill sponsored by Representative Michael McCaul to give Biden the power to ban TikTok after former US president Donald Trump was stymied by courts in 2020 in his efforts to ban TikTok and WeChat. Democrats opposed McCaul's bill, saying it was rushed and required due diligence through debate and consultation with experts. Some major Bills aimed at China like a chips funding bill took 18 months to win approval. McCaul said he thinks the full US House of Representatives could vote on Bill this month. Last week, TikTok said a US ban on the app would amount to "a ban on the export of American culture and values to the billion people who use our service worldwide". The Committee on Foreign Investment in the United States (CFIUS), a powerful national security body, in 2020 unanimously recommended ByteDance divest TikTok because of fears that user data could be passed to China's government. TikTok and CFIUS have been negotiating for more than two years on data security requirements. TikTok said it has spent more than $1. 5 billion on rigorous data security efforts and rejects spying allegations. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Tuesday, 07 Mar, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Companies ET Markets More India may Pull Plug on FAME II After Next Fiscal India is likely to discontinue the second phase of the ₹10,000 crore Faster Adoption and Manufacturing of Electric Vehicles in India or FAME II scheme after the next financial year, government officials familiar with deliberations said. Foxconn Reassures K’taka, Telangana on Investments Hon Hai Precision Industry, better known as Foxconn, has assured the governments of Karnataka and Telangana that it will work with them to further the expansion of its electronic manufacturing base in the country. Platform to Update DigiLocker Docs Via Aadhaar in Works The government is developing a platform to help citizens who store their documents in DigiLocker to auto-update their address and other demographic details across departments through Aadhaar, officials told ET. Read More News on Tiktok Us Ban tiktok ban us joe biden tiktok us congress tiktok Restrict Act US TikTok US Senate Bill TikTok tiktok chinese data China US consumers data tiktok us ban bill Stay on top of technology and startup news that matters. 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